According to a recent study, over 94% of new businesses fail during the first year of operation due to a lack of funding. Money is the bloodline of any business. That’s why, at almost every stage of the business, entrepreneurs find themselves asking – How do I finance my business? At CRS Consulting, we help you comprehensively collate your financial data so that it is an easier and smoother process to get venture capitalists, private investors and banks on board to fund your start-up or enterprise.
A Comprehensive Project Report
It’s easier to make financial decisions by any loan providing firm fluidly if there is a comprehensive and all-encompassing Project Report to look at. To grant term loans, banks or any financer require details of the project, the total cost of the project, the amount contributed by the promoter or applicant towards the cost and the amount to be funded by the bank as a loan. Banks need to understand the revenue-generating capacity of the project, whether the same is sufficient for meeting the loan repayment obligation during the term of the project and other details about the project to understand the viability and feasibility of the project. Based on these details, the bank arrives at the decision to provide finance. The project report is a report prepared to present all the relevant aspects of the projects to the bank. All ratios and criteria considered by the banks in sanctioning the loan are to be taken care into account while preparing such a project report. The project report tests your business on techno-fiscal, economic and authorized viewpoints. Hence a comprehensive project report becomes vital for every new business to acquaint them on forewarning issues. At CRS Consulting, we thoroughly study your data and help you conduct a profound road map for effective business ventures to create a project report that tells in a glance whether the business requires finance or not, the challenging risks, several problems en route, etc
Credit Monitoring Arrangement (CMA) Data Collation
CMA data is quintessential for banks to assess the previous funds allocated to the fund requiring business and for conducting analysis & evaluation of the further eligibility of the business for the issue of additional credit. Business Enterprises require CMA data reports for applying for project-oriented loans, long term loans and for enhancing working capital limits. Banks require these reports every year to ensure effective management of working capital.
For enterprises seeking credit, at CRS Consulting, any CMA Report Preparation requires:
- Preparation of particulars for the existing credit & loans on the entity and disclosure of current fund & non-fund based liabilities.
- Preparation of financials including operating statement, profit and loss account, balance sheet audit reports and other necessary revenue and analysis statements.
- Preparation of working capital changes & ratio analysis.
- Calculation of Maximum Permissible Bank Finance (MPBF).
At CRS Consulting, our business professionals perform an analysis of your business financials and ask for the required documents for adequate preparation of your company’s CMA data or Project Report. If you are looking to expand your business, merge with a big firm or seek out any investment, reach out to CRS Consulting and let our experts help boost the growth of your business.